Bullboard - Stock Discussion Forum Northland Power Inc T.NPI.PR.B

Primary Symbol: T.NPI Alternate Symbol(s): T.NPI.PR.A | NPICF | NPIFF

Utilities Utilities - Independent Power Producers

Northland Power Inc. is a Canada-based global power producer focused on helping the clean energy transition by producing electricity from clean renewable resources. The Company owns and manages a diversified generation mix, including onshore renewables, natural gas energy, as well as supplying energy through a regulated utility. Its facilities produce electricity from clean-burning natural gas... see more

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TSX:NPI - Post Discussion

Northland Power Inc > My take....

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Post by BayWall on Jun 07, 2024 10:25am

My take....

My take, based on the last post---Today's stock price target revisions are due to interest rate changes or anticipation thereof. In Canada rates dropped this week, so it looked good for a while.

But today, BLX, CPX, INE NPI all down. Because today's news that in the US employment is up. So delay in lowering interest rates. Who knows, maybe even go up.

Renewable energy developers go down because of the debt load they have. Definately need a long term investment horizon with these stocks.

Saying the above, nice recent run ups in all renewable stocks, on earning numbers (Iwhere it counts), rather than interest rate speculation fluctuations.